306-304 Auditing and Assurance Services

306-301 Financial Accounting.

Topics include the rationale for auditing; auditing standards; audit objectives, concepts and procedures; audit techniques including statistical sampling and the audit of computer-based accounting systems; audit reports; contemporary auditing problems with special reference to the application of accounting and auditing principles; the legal liability of auditors; the professional and ethical responsibilities of auditors; the statutory responsibilities and rights of auditors; and auditing research literature within three broad frameworks: agency theory, capital market theory and human judgement theory.

• High level of development: collaborative learning; problem solving; team work; application of theory to practice; interpretation and analysis; critical thinking.

• Moderate level of development: oral communication; written communication; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.

• Some level of development: use of computer software.

A 3-hour end-of-semester examination (60%), a 1-hour mid semester test (10%), an assignment totalling not more than 2000 words (20%) and seminar participation (10%). Satisfactory completion of this subject requires a 50% pass in the end-of-semester examination.

To be advised.